U.S. stocks Hot Cloud concept demandware IPO price exceeding expectations

Beijing Time March 15 news, according to foreign media reports, cloud computing companies in the U.S. capital market is hot. Recently, the United States, Boston's E-commerce cloud-related software vendors Demandware determined the issue price, higher than expected, the company's market value reached 450 million U.S. dollars.

The company's IPO price is $16 trillion, more than the previously announced 12.5-14.5 U.S. dollar expected range, through the listing, the company will raise 88 million dollars.

Demandware is reported to be the fifth U.S.-listed cloud-computing concept company since the end of last year. Previously, Jive Software, Brightcove, Guidewire Software, Bazaarvoice, and so on listed successively. All of these companies have a higher price than expected, and share prices have risen sharply since the IPO.

With cloud computing, companies and individuals can access information and applications on Web servers without having to rely on their own computer room, which can help businesses reduce their operating costs. As demand for cloud computing technology grows, companies in this sector have also sparked investor interest in capital markets.

According to the IPO underwriters, Demandware closed the trading window for institutional investors a day earlier due to a popular subscription.

Demandware's venture-capital shareholders include North Bridge Venture and General Catalyst, which last year earned $56.5 million trillion, but lost $1.4 million trillion. By the end of last year, the company had a total of 101 customers, including Crocs Inc,lifetime PS Inc. and Columbia Sportswear Co.

This Thursday, Demandware shares will be traded on the New York Stock Exchange, with the trading code "DWRE".

Demandware's listed underwriters include Goldman Sachs, Deutsche Bank, and William Blair, Oppenheimer, Canaccord Genuity and the initial analysis of Security Corp.

(Responsible editor: The good of the Legacy)